The Estée Lauder Cos Celebrates 75 Years With An Eye To The Future

Quantalytics does not make any representations as to their accuracy or completeness. Nothing discussed or presented in Quantalytics constitutes a representation that any investment, investment strategy, or recommendation is suitable or appropriate to an investor’s individual circumstances or otherwise constitutes a personal recommendation. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services.

Her birth date is usually given as July 1, 1908, but there has been some speculation that she was actually born two years earlier in 1906. She came from a family of Jewish immigrants—her mother was Hungarian and her father was Czech. Britannica Explores 100 Women Trailblazers Meet extraordinary women who dared to bring gender equality and other issues genifique to the forefront. From overcoming oppression, to breaking rules, to reimagining the world or waging a rebellion, these women of history have a story to tell. Veronique Gabai left her role as Global President of Estée Lauder Company brands to start her own fragrance line. Leonard Lauder’s autobiography is an exciting chronicle of his life.

The first licensing agreement for fragrances was with fashion designer Tommy Hilfiger in 1993, followed by Kiton, an Italian fashion house , and with American fashion designer Donna Karan . Estée Lauder believed in selling her cosmetics at the best department stores, ignoring the advice of her accountant and lawyer, who urged her to get out of this particular business. She started at Saks Fifth Avenue in New York City, an upscale store where women could charge their purchases.

In 1953, her Youth Dew beauty oil took her company to a new level of success. Lauder was as innovative with her marketing strategies as her cosmetic products, eventually making her the richest self-made woman in the world. Find the right Estée Lauder products Lancome makeup for your skin care routine. Discover anti-aging products like the Revitalizing Supreme+ crème. Make it part of your morning and night routine and enjoy younger looking skin. You’ll love a refreshing foam that you can also use as a purifying mask.

Estee Lauder

In 1965, she came out with Aramis and an entire line for men’s skin, which she relaunched in 1967. Another of her creative ideas was the fragrance-free Estee Lauder makeup Clinique line, which was launched after extensive medical testing. She divorced her husband in 1939 and married him again in 1942.

Her business, which includes such product lines as Estée Lauder, MAC Cosmetics and Clinique, continues to thrive to this day. McKinsey says the global beauty industry generates $500 billion in sales a year and accounts for millions of direct and indirect jobs. This global leader shares valuable industry and career insights. In 1953, the company introduced its first fragrance, Youth Dew, in the form of a bath oil that doubled as a perfume. Youth Dew continues to be a worldwide bestseller for the company. In 1964, the company launched Aramis, Inc., to produce prestige fragrance and grooming products for men.